GEICO vs. Allstate 2022 Automotive Insurance Comparability – Kelley Blue Ebook

GEICO and Allstate are major players in a crowded field of insurance companies. These well-known freight forwarders are reputable and provide auto insurance to motorists across the United States. Read on for our comparison of these popular insurers.

For more information on these companies, check out our GEICO Auto Insurance Review and Allstate Auto Insurance Review.

GEICO and Allstate auto insurance coverage

GEICO and Allstate both offer standard auto insurance coverage such as:

You can learn more about basic coverage in our article on common types of auto insurance.

Additional coverage

Some drivers expand their GEICO and Allstate policies with add-ons to basic insurance.

  • Roadside assistance and towing
  • Reimbursement of the rental car
  • Medical payments
  • Replacement car insurance
  • Additional travel insurance

Average insurance rates from GEICO and Allstate

GEICO's policies cost less than those of other insurers. Allstate's premiums are at the higher end of the insurance cost spectrum.

According to The Zebra, GEICO's average monthly premium is $ 94. The average Allstate policy costs $ 170 per month. That price difference is significant, but many consumers argue that you get what you pay for.

This table compares the GEICO and Allstate average annual premiums by age group.

Age group GEICO Allstate
Teenagers $ 3,508 $ 6,442
20s $ 1,438 $ 2,636
30s $ 1,218 $ 1,920
40s $ 1,189 $ 1,912
50s $ 1,160 $ 1,893
1960s $ 1,065 $ 1,768

Source: the zebra

An insurance company uses many considerations to determine its tariffs. The age of the driver, geographic location, gender, marital status, vehicle type and credit history are some of the factors that affect the overall cost of insurance.

Premium discounts from Allstate and GEICO

GEICO and Allstate offer policyholders a number of discounts, such as:

  • Safe driving discount
  • Accident-free drivers
  • Anti-theft equipment discounts
  • Good student discounts
  • Bundling of guidelines

Additional discounts are available, but not from every company or driver. For example, GEICO offers a military discount. Allstate enables policyholders to receive discounts through its Drivewise and Milewise telematics programs, which monitor driving behavior to determine the premium.

Customer satisfaction with GEICO and Allstate

The cost of the various insurance options is the most important consideration for most auto insurance buyers. Still, many people agree that it is worth spending your money on quality customer support.

Many auto insurance buyers equate high customer service ratings with a high likelihood that the insurer will handle claims quickly and efficiently. The J.D. Power U.S. Auto Insurance Study 2021 summarizes responses from nearly 39,000 auto insurance customers. It provides insights into customer satisfaction in key areas:

  • Customer interactions
  • Allegations
  • Car insurance costs
  • Policy offers
  • Billing process and policy information

Insurance companies often receive mixed ratings for their service. Results of the J.D. Power surveys show customers have similar opinions and experiences with GEICO and Allstate. The study rates customer satisfaction as “average” for both companies.

Which one is in better financial condition, GEICO or Allstate?

AM. It rates best the ability of insurance companies to meet their ongoing policies and contractual obligations. GEICO received a "Superior" rating and Allstate was rated "Excellent". These high ratings show that both insurers have solid solvency.

GEICO or Allstate: Which Is Better For You?

Each driver has a unique situation and specific auto insurance requirements. Get a quote from GEICO, Allstate, and other insurance companies. GEICO typically offers less expensive rewards for qualified drivers. Even so, Allstate offers many discounts that can potentially bring prices down, including its telematics program.

Shopping will help you find the best price, but remember that cost is just one factor that you need to consider. To determine whether Allstate or GEICO is a better choice, you need to do your research and ask questions. Whichever company you choose, you need to know what is insured and what is best for your situation before getting new auto insurance or extending your coverage, especially if you are buying a new vehicle.

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